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Editor’s Note: This is an edited version of an article from the ‘Oxford Analytica Daily Brief’. Oxford Analytica is a global analysis and advisory firm that draws on a worldwide network of experts to advise its clients on their strategy and performance.

Israeli Chief of Staff Benny Gantz reportedly said yesterday that he did not believe Iran would decide to build an atomic bomb. Officials in Tehran argue that Israel will not launch a military strike against Iranian nuclear facilities due to its fear of retaliation. While the Iranian regime tends to exaggerate its military capabilities, it has a number of options that, in a worst-case scenario, would broaden an Iranian-Israeli conflict into a global campaign against Israel, the United States and their allies.